MAKING MONEY THROUGH GINGER

Nigeria is currently the third largest exporter of Ginger in the world after China and Inida.

The Nigerian ginger is highly regarded in the international market for its quality and highly medicinal value, specifically its aroma, purgency and high oil and Aleoresin content.

SOURCING & PRODUCTION OF GINGER IN NIGERIA

Ginger is produced in six states of the federation namely; Kaduna, Nassaraw, Benue, Niger and Gombe states. With Kaduna being the largest and major state for the farming and production of Ginger.

GINGER PLANTING SEASON

Planting of ginger starts from March / April.

HARVEST

Ginger is ready for harvest in October / November.

MARKETABLE SPECIFICATION

Ginger is sold in the local and international market as wet ginger and dry split ginger. Mainly for export trade dry split ginger is of high demand.

EXPORT DESTINATION OF GINGER FROM NIGERIA

The export market for the Nigerian Ginger include; USA, China, Europe, UK, Russia, Saudi Arabia among other countries.

HOW YOU CAN MAKE MONEY THROUGH GINGER IN NIGERIA (INVESTMENT OPPORTUNITIES)

1. Ginger Production (Ginger Farming)

2. Ginger Sourcing

3. Ginger Export

4. Ginger Processing (Into packaged dried ginger, ginger smoothie etc)

5. Local Trading of Ginger (Storage and intra country trade)

The Ginger planting season is currently starting. Are you interested in investing in Ginger and any of its value chain; Production, Processing, Export, Local trade, Ginger Sourcing?

What you Must Know

• Quality Standard
• Measurements for local trade and export
• Best Practices for storage
• Export Specifications
• Export Standards and quality
• Pitfalls to avoid
• Cost analysis of Ginger Farming and production
• Opportunities in Ginger processing
• Pricing and how to maximize profit
• Getting buyers (International and local) for your ginger
• How to secure Export contracts
• How to finance your ginger export
• Shipping and Freight Rates
• Export Documentations
• Cost analysis for Export business
• Return on Investment analysis

CHI FARMS MARKS 10TH ANNIVERSARY OF PARTNERSHIP WITH GLOBAL MARKET LEADER IN POULTRY GENETICS

Chi Farms Limited has announced landmark ten years of business relationship with Aviagen this week, the global market leader in poultry genetics and owner of the popular ‘Arbor Acres’ broiler brand.

A direct result of this partnership has made Chi Farms Limited the leading Grand Parent Integrator and distributor of quality day-old chicks in Nigeria.

“We have strived to build a legacy by leveraging on this unique partnership to guarantee security of local supplies, such that today the ‘Arbor Acres’ brand is the market leader of all broiler brands in Nigeria”, says Dr Tunji Olaitan, General Manager Chi Farms.

Having received the first ‘Arbor Acres’ Broiler Grand Parents from AVIAGEN just over ten  years ago, the AA brand has grown to become the most widely accepted and the number one choice of broiler farmers and integrators in Nigeria today.

Chi Farms and AVIAGEN partnered to promote the growth of local poultry industry in Nigeria through supplies of top quality genetics, promotion of best practices and technical support services.

“We are proud that we manage to produce day old chicks in Nigeria that have the same quality as you would buy abroad. Our investments in high tech equipment and continous training of our staff pay off”, says Martin Middernacht, Executive Director Chi Farms.

As of today, Chi Farms Ltd. already has the capacity to supply all of Nigeria’s broiler breeder day-old chicks, and hence has made Nigeria independent from imports in this category.

To further grow the industry Chi Farms and Aviagen agreed to still further growing the grand-parent stock capacities in Nigeria to assure full domestic supply also in the future.

The two companies are also planning to set up a poultry school on the basis of Chi Farms’ Customer Focus Team, which already provides technical services to poultry farmers.

WEEKLY LOCAL RICE BRANDS & PRICE REVIEW

WEEKLY FERTILIZER PRICE REVIEW & USAGE GUIDELINE

HOW FARMERS CAN USE THEIR PRODUCE FOR BANK LOAN – NCX BOSS

The MD/CEO of the Nigeria Commodity Exchange (NCX), Mrs Zaheera Baba-Ari, has said farmers can now use their farm produce as collateral to secure loans from banks.

To do this, Mrs Baba-Ari advised farmers to get in touch with the commodity brokers in their localities, who will help them aggregate their harvest and store them in the NCX’s warehouses situated across the country.

She said the farmers would be immediately issued with the receipt of such commodity and the receipt can be taken to banks as collateral to secure loan.

Mrs Baba-Ari, who spoke exclusively with Daily Trust in Abuja, said aside from such benefit, middlemen can no longer shortchange the farmers as their produce can now be sold on the floor of the exchange at attractive prices.

“The farmers can also keep their produce immediately after the harvest in our well-managed warehouses nationwide and avoid selling them immediately to the middlemen at ridiculously low prices, sometimes even below the production cost,’’ she advised.

The MD said the exchange was been strengthened to ensure that farmers, who formed co-operatives and patronised it, reaped maximum benefits, adding that was what informed the recent sensitisation programmes carried out in agrarian localities in some selected states across the country.

Farmers, who spoke at the events, called on the relevant authorities to pay attention to the NCX in view of its contributions to the development of farmers in the country.